Sector

Total external revenues up 4% to £1,515m (2010: £1,456m) in the
first nine months.

ITV Family NAR up 1% in Q3, up 2% in the first nine months and
on track to outperform the TV advertising market in 2011.

ITV Studios external revenues up 9% to £224m (2010: £205m) in
the first nine months, driven by strong growth in the international
business.

Bond buybacks of £80m since H1, taking the total to £264m this
year.

Capex is forecast to be c.£50m in 2011 compared to previous
guidance of £80m. This is primarily due to phasing in the payment
schedule relating to our move to Media City, which remains on
track.

Continued focus on cash and costs has seen net debt fall to
£43m (from £188m at the start of the year). We expect to be net
cash positive at year end.

We remain cautious on the outlook for 2012 – quarterly revenue
trends are likely to follow a different pattern to 2011 with tough
comparatives continuing into the first quarter before easing from
the second quarter onwards, helped by Euro 2012.

Adam Crozier, CEO of ITV, said:

Our relentless focus on delivering the Transformation Plan is
now impacting positively on our results. Despite difficult economic
and market conditions our revenues are up 4% to £1,515m in the
first nine months of the year.

The continued management emphasis on cash generation and cost
reduction has delivered further improvements to our financial
position and we are on track to be net cash positive at year end.
This is a substantial improvement given that our net debt stood at
£612m at the beginning of 2010.

The new ITV Studios management team is delivering ahead of
expectations, fuelled by our continued investment in revitalising
the creative pipeline, with particularly strong growth in our
international business. So far this year ITVS has had 89 new
commissions of which 40 are international including Prime Suspect
which we have sold to 30 countries and Titanic, a major new drama
for 2012 by Julian Fellowes, which has been sold to 57
countries.

Maximising audience share in Broadcast remains a key part of our
strategy. Our on-screen performance has been strong with ITV Family
share of viewing (SOV) year-to-date up 2% year on year to 23.0%.
ITV1 SOV is broadly flat at 15.6% and our digital channels have
grown strongly with ITV2 SOV up 8% year on year, and ITV3 and ITV4
both up 10%. Online, long form video views are up by 62% in the
first nine months of the year.

Our on-screen performance in the Autumn is being driven by a
strong schedule which includes the Rugby World Cup, Downton Abbey,
Doc Martin, and the X-Factor, as well as The Jury and I’m a
Celebrity.

We remain cautious on the outlook for 2012 – quarterly revenue
trends are likely to follow a different pattern to 2011 with tough
comparatives continuing into the first quarter before easing from
the second quarter onwards, helped by Euro 2012.

We are still in the early stages of our five year Transformation
Plan which we are on track to deliver, and we remain optimistic
about ITV’s prospects in the medium to long term.

Notes:

1. ITV Family NAR was down 2% in July, down 3% in August and up 7%
in September. Overall, Q3 was up 1%, ahead of our expectations of
slightly down and also ahead of the TV advertising market.

2. We currently expect ITV Family NAR to be down 2% in Q4, with
October down less than 1%, November up 3% and December down around
10%.

3. ITV plc confirmed the longevity swap executed by ITV Pension
Scheme on August 22nd. This represented a further significant step
in reducing the exposure of our business to pension risk.

4. ITV plc announced on October 18th that it had entered into an
agreement with Yattendon plc to acquire Channel Television subject
to the approval of the Jersey Competition Regulatory
Authority.

5. Unless otherwise stated, all figures refer to the nine month
period ending 30th September 2011, with growth compared to the same
period in 2010.

Revenues for 9 months to 30th September 2011 (£m)

2011

2010

%

ITV Broadcasting & Online

1,291

1,251

3

ITV Studios (external revenues)

224

205

9

Total

1,515

1,456

4

Note: ITV Studios internal revenues were £192m (£181m)

7. Figures for the UK Television advertising market are based on
ITV plc estimates and current forecasts.

8. Broadcasting and Online performance indicators:

Broadcasting and Online performance indicators

2011

2010

ITV Family share of viewing – year to 30 October

23.0%

22.5%

ITV1 share of viewing – year to 30 October

15.6%

15.7%

ITV Family adult SOCI – year to 30 October

39.5%

39.4%

ITV1 adult SOCI – year to 30 October

26.3%

26.8%

ITV1 adult impacts – year to 30 October

190.2bn

185.8bn

itv.com average monthly unique users - 9mths to 30th September

10.6m

9.0m

Total long form video views ( all platforms) - 9mths to 30th September (mill)

262m

162m

Commercial impacts and share of commercial impacts (”SOCI”) data
based on BARB / DDS data for adults; viewing figures based on BARB
/ Infosys data for individuals. ITV family includes ITV1, ITV2,
ITV3, ITV4, CITV, ITV Breakfast, Men&Motors and time-shift and
HD variants. Video views based on internal ITV data and Nedstat
data.Unique user figures based on Omniture and Nedstat data.
itv.com unique users and video views include ITV Breakfast from
July 2010.

9. Figures presented in this interim management statement are
not audited. This announcement contains certain statements that are
or may be forward-looking with respect to the financial condition,
results or operations and business of ITV. By their nature
forward-looking statements involve risk and uncertainty because
they relate to events and depend on circumstances that will occur
in the future. There are a number of factors that could cause
actual results and developments to differ materially from those
expressed or implied by such forward-looking statements. These
factors include, but are not limited to (i) adverse changes to the
current outlook for the UK television advertising market, (ii)
adverse changes to tax laws or changes to the regulatory
environment, (iii) the risks associated with the introduction of
new products and services, (iv) pricing, product and programme
initiatives of competitors, including increased competition for
programmes, (v) changes in technology or consumer demand, (vi) the
termination or delay of key contracts and (vii) fluctuations in
exchange rates.